Iowa § 499.42 Renewal

Iowa Statutes

§ 499.42 — Renewal

Iowa § 499.42

Title XIIBUSINESS ENTITIES

Ch. 499COOPERATIVE ASSOCIATIONS

This text of Iowa § 499.42 (Renewal) is published on Counsel Stack Legal Research, covering Iowa primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Iowa Code § 499.42 (2026).

Text

1.An association may extend its duration perpetually, or for any definite time, by resolutionadoptedbyamajorityofallitsmembers, oranydifferentvoteforwhichthearticles may provide, at a meeting called for that purpose and held before its original expiration.

2.Unless the association has meanwhile wound up, its duration may be extended in like manner within three years after its original expiration, with the same effect as if done prior thereto, by a vote of two-thirds of all its members.

3.The resolution must state the name of the association, its original expiration date, and for how long thereafter its duration is extended, and must also adopt, and designate officers to execute, renewal articles of incorporation containing the things required in section 499.40.

4.The renewal articles s

Free access — add to your briefcase to read the full text and ask questions with AI

1. An association may extend its duration perpetually, or for any definite time, by
resolutionadoptedbyamajorityofallitsmembers, oranydifferentvoteforwhichthearticles
may provide, at a meeting called for that purpose and held before its original expiration.
2. Unless the association has meanwhile wound up, its duration may be extended in like
manner within three years after its original expiration, with the same effect as if done prior
thereto, by a vote of two-thirds of all its members.
3. The resolution must state the name of the association, its original expiration date, and
for how long thereafter its duration is extended, and must also adopt, and designate officers
to execute, renewal articles of incorporation containing the things required in section 499.40.
4. The renewal articles shall be executed and filed as required by section 499.41. Renewal
shall not relieve the association from fees, charges, or penalties which may have accrued
against it.